World oil price today
World oil prices today increased sharply. At 11:33, WTI crude oil was at 71.65 USD/barrel, up 0.17 USD/barrel, equivalent to an increase of 0.25%. WTI crude oil closed the previous trading session at 71.48 USD/barrel, opening today's session at 71.40 USD/barrel.
Brent oil was at 74.95 USD/barrel, up 0.18 USD/barrel, equivalent to an increase of 0.24%. Brent oil closed the previous trading session at 74.77 USD/barrel and opened today's session at 74.68 USD/barrel.
Thus, world oil prices are on the rise. At the end of the trading session at the beginning of the week, both oil products recorded a significant increase. WTI oil skyrocketed by 3.1%, while Brent oil also increased by 1.5%.
According to analysts, the main reason for the sharp increase in world oil prices is concerns about the possibility of supply disruption if US President Donald Trump imposes additional tariffs on Russia and takes military action against Iran.
Reuters said that over the weekend, US President Donald Trump announced that he would impose a secondary tax of 25% to 50% on countries buying oil from Russia if it believed Moscow was hindered in Washington's efforts to end the conflict in Ukraine. In addition, the US president has threatened to attack Iran and impose additional tariffs if Tehran fails to reach a nuclear deal with Washington.
Analysts say that although there is no specific plan to implement the above measures, these threats still increase concerns about future oil supply disruptions. This makes the oil market more sensitive, pushing oil prices up.
Domestic gasoline prices today
On April 1, retail gasoline prices according to the price list announced by Petrolimex in regions 1 and 2 (46 provinces and cities are applying) are as follows:
The above domestic retail price of gasoline and oil was adjusted by the Ministry of Finance - Industry and Trade in the price management session on the afternoon of March 27, 2025. Accordingly, E5 RON 92 gasoline price increased by 337 VND/liter, RON 95-III gasoline increased by 337 VND/liter, kerosene increased by 406 VND/liter, diesel increased by 324 VND/liter. Only mazut oil decreased by 53 VND/kg.
Today's gasoline discounts
The discount levels of gasoline products today, January 1, at some domestic gasoline trading enterprises are as follows:
Hoang Trong General Trading Company Limited: Diesel 0.05S - II: 1,100 VND/liter, applied at Hai Linh warehouse, Hai Phong; RON 95 - III gasoline: 1,000 VND/liter, applied
used at Hai Linh warehouse, Hai Phong warehouse K99; Diesel 0.05S - II: 950 VND/liter, applied at Bac Ninh warehouse; RON 95 - III gasoline: 850 VND/liter, applied at Bac Ninh warehouse; E5 gasoline: 1,000 VND/liter at Dinh Vu warehouse, Petec.
Tu Luc Petroleum: Diesel discount 0.05S-II: 1,100 VND/liter; Diesel 0.001S-V: Out of stock; RON 95 - III gasoline: 1,000; E5 gasoline: 1,000 VND/liter.
MIPEC Petroleum: RON 95 - III Petroleum Discount: 900 VND/liter; E5 Petroleum: 800 VND/liter; Diesel 0.05S-II: 1,000 VND/liter. Applicable to the Northern region.
Forecast of domestic gasoline prices in the coming period
According to a representative of a petroleum business, domestic petroleum prices will fluctuate according to the world petroleum situation. According to current market developments, it is forecasted that in the next price management period, retail prices of gasoline may fluctuate strongly.
Of which, the price of RON 95 - III gasoline is forecast to increase by about 330 VND/liter; E5 gasoline increases by about 240 VND/liter; Diesel increases by about 170 VND/liter.
Today's gasoline and oil prices are for reference only and may change according to market developments.
Refer to more articles on gasoline prices HERE.
